Tag: banks

Windfall tax is a short-sighted idea, Bankers’ Association says

The Malta Bankers' Association warned that windfall tax might have "devastating" repercussions on the economy and Malta's financial stability. The association said that it was seriously concerned about calls being made for windfall tax to be levied on the profits of banks, describing the idea as short-sighted.

MHRA calls for loans repayment relief

The Malta Hotels and Restaurants Association (MHRA) said that over the past days they have called upon the main banks to extend a moratorium on loan repayments to the Tourism and Hospitality industry, in light of the COVID 19 global outbreak.

Largest Australian Bank will shut down Malta operations

The largest Australian bank, the Commonwealth Bank of Australia, will shut down its branch in Malta after 15 years. This was confirmed to Newsbook.com.mt by a spokesperson for the bank who also explained that the Australian bank is seeking to transfer its operations to the Netherlands instead.

Two men sent to jail for stealing bank card details

They used card skimmers to read and copy information from customers' bank cards

Swiss HSBC to pay $192m penalty for helping Americans evade taxes

It was found helping wealthy Americans evade $1.26 billion in assets from tax authorities

74% of businesses find it hard to get bank funding –...

Business are finding it difficult to get funds from Banks according to a survey published by the GRTU Malta Chambers.

Lebanon’s closed banks pledge to pay out salaries

Lebanese banks said on Monday they would ensure public sector workers were paid their salaries as they remain closed by a wave...

In race to digitise, skills gap a drag on South Africa’s...

A severe shortage of computer skills in South Africa has left its major banks fighting over a limited pool of people with the skills...

New MFSA risk and compliance committees, part of new structure

New committees for dealing with risk management and financial compliance, will be part of the MFSA’s new operating structure, the financial authority has said....

Christmas came early with Revolut giving away free cards until Dec...

 Maltese are able to open a free app-based current account and hold 24 currencies. Users can spend and transfer anywhere in the world...